FLEX DI Case Study Examples

IMPORTANT DISCLOSURE: The examples found within this catalog are not an exact description of coverage. The benefits, limitations and/or exclusions described are for general illustration purposes only and may vary by state and client profile.

Lance | Age 48

CEO | $500,000 Income

5A Occ Class

History of Diabetes

As the CEO of a large corporation, Lance is responsible for many roles and responsibilities that keep the business running. Unfortunately, due to his pre-existing condition of Diabetes, he is having trouble securing income replacement from the traditional market.

With the help of his financial advisors, Risk was able to deliver a FLEX DI offering with our maximum monthly benefit and NO exclusion for Diabetes!

FLEX DI Solution:

$25,000 Monthly Benefit Amount
90-Day Elimination Period
5-Year Benefit Period
Own Occupation Extension Rider
- Additional Cost to Premium
$1,357.57 Monthly Premium Amount
No Exclusion for Diabetes

Margaret | Age 41

General Surgeon | $300,000 Income

4A Occ Class

History of Breast Cancer

Margaret was diagnosed with Breast Cancer three years ago. She was treated with radiation and chemo, and has been in remission for 2.5 years. Although she is back to work full time, she was postponed for 2-3 years by the traditional market at which time they would consider a restricted plan design with cancer exclusion. She currently has a 60% income replacement ratio through her employer with a $10,000/mo cap.

By choosing Risk, Margaret was able to review multiple plan designs and selected an Elimination Period and Benefit Period that best suited her premium budget.

FLEX DI Solution:

$8,700 Monthly Benefit Amount
- 75% Income Replacement less underlying GLTD
180-Day Elimination Period
7-Year Benefit Period
Own Occupation Extension Rider
- Additional Cost to Premium
$617.27 Monthly Premium Amount
No Exclusion for Cancer

Dr. Phillip | Age 35

Chiropractor | $400,000 Income

3A Occ Class

Dr. Phillip is a chiropractor who owns his own business. With a wife, two kids, and a business to run he worried about the future and any unforeseen incidents that could occur. To protect his family and business he selected our FLEX DI coverage with a 5-Year Benefit Period.

Unlike the traditional market, Risk offers NO limit on benefit amounts due to occupation!

FLEX DI Solution:

$20,000 Monthly Benefit Amount
90-Day Elimination Period
5-Year Benefit Period
$812.63 Monthly Premium Amount

Riley | Age 24

Singer & Songwriter | $150,000 Income

3A Occ Class

Riley is a talented singer and songwriter with her career on the rise. Unfortunately, due to the nature and lifestyle of the entertainment industry, she was unable to obtain coverage in the domestic market. Risk was able to work with Riley's agent and provide coverage with a 10-Year Benefit Period.

Musician is just one occupation that is commonly declined by other domestic carriers, however have the opportunity to obtain valuable DI coverage from Risk.

FLEX DI Solution:

$7,500 Monthly Benefit Amount
90-Day Elimination Period
10-Year Benefit Period
$429.07 Monthly Premium Amount